Prof. Sanjay Bakshi, the authority on value investing, has evolved a new theory to explain why some companies succeed more than others. The Prof claims that the secret formula that drives successful companies is the fact that they are managed by “intelligent fanatics”.
To prove his theory, the Prof has analyzed seven top-notch companies, each of which has given huge super-duper multibagger gains to shareholders. At the end of the brilliant analysis, the Prof reached the astonishing conclusion that the only thing common to all companies is that they are run by “intelligent fanatics” i.e. people with “fire in the belly”, high levels of motivation, visionary powers, etc, etc.
To the Prof’s list of “intelligent fanatics”, we can add the name of Keshav Kantamneni, who is now the promoter of Uniply Industries, the micro-cap plywood manufacturer. Keshav Kantamneni is only 32 years old but he has already proved his whiz-kid credentials by coming out of nowhere and wresting control of Uniply. You can read about his profile here, here and here.
The ultimate endorsement of Keshav Kantamneni’s capabilities has come from the fact that three of the best stock pickers in the Country, Radhakishan Damani, Ramesh Damani and Vallabh Bhanshali, have decided to entrust large sums of their capital in his hands. The trio has subscribed to the following preferential offer of shares of Uniply at Rs. 100 each:
|Name||Nos of shares||Amount (Crore)|
|Enam Investment Services Pvt Ltd||150,000||1.50|
|Saral Vallabh Bhanshali||150,000||1.50|
|Ramesh S Damani HUF||100,000||1.00|
The best part is that all three stock wizards are subject to a one-year lock-in of their shares. This gives us a clear indication of the level of confidence that the three have in the prospects of Uniply.
We must note that plywood stocks are very popular amongst ace investors because it is believed that these stocks will benefit the most from NAMO’s thrust on housing-for-all, 100-cities, etc and the rapid urbanisation that is taking place. Saurabh Mukherjea of Ambit recommended a buy of Century Plyboards, Sudhir Walia, Jwalamukhi and Prashant Jain have bought Greenply Industries while Porinju Veliyath has a major stake in Stylam, the ultra micro-cap.
Uniply is still a micro-cap with a market capitalisation of only Rs. 240 crore. We have to see how long it takes Uniply to reach the status of a small-cap and then a mid-cap under the able stewardship of Keshav Kantamneni. This move will spell multibaggers for the three dynamic stock wizards.